Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.
Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Securities, but including, without limitation, any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation).
Collateral Enhancement Obligation means (a) any warrant or equity security, excluding Exchanged Equity Securities, or (b) any debt obligation, including, without limitation, any debt obligation that is not a Collateral Debt Obligation and/or any debt obligation acquired in the context of a workout of a Collateral Debt Obligation but including, without limitation, (i) warrants relating to a Senior Loan, Mezzanine Obligations or PIK Only Obligations, (ii) any equity security received upon conversion or exchange of, exercise of an option under or otherwise in respect of a Collateral Debt Obligation or (iii) any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all such cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer which are not discharged in full out of the Collateral Enhancement Obligation Proceeds in respect thereof, other than those which may arise at the option of the Issuer.
Examples of Collateral Enhancement Obligation in a sentence
The ability of the Collateral Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Supplemental Reserve Account to pay the costs of any such exercise.
The ability of the Investment Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Collateral Enhancement Account to pay the costs of any such exercise.
There can therefore be no assurance that the Balance standing to the credit of the Supplemental Reserve Account will be sufficient to fund the exercise of any right or option under any Collateral Enhancement Obligation at any time.
The Investment Manager is under no obligation whatsoever to exercise its discretion (acting on behalf of the Issuer) to take any of the actions described above and there can be no assurance that the Balance standing to the credit of the Collateral Enhancement Account will be sufficient to fund the exercise of any right or option under any Collateral Enhancement Obligation at any time.
The ability of the Collateral Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Collateral Enhancement Account to pay the costs of any such exercise.
More Definitions of Collateral Enhancement Obligation
Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Obligation and other debt obligations not satisfying the Eligibility Criteria (but in all cases, excluding, for the avoidance of doubt, the Collateral Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option or any securities or interests resulting from the exercise of an option, warrant, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation or an equity security or interest received in connection with the workout or restructuring of a Collateral Obligation, provided that no Collateral Enhancement Obligation may be, or be exchangeable into, a Dutch Ineligible Security. For the avoidance of doubt, the acquisition of Collateral Enhancement Obligations will not be required to satisfy the Eligibility Criteria.
Collateral Enhancement Obligation means any debt security, warrant or equity security excluding Defaulted Equity Securities but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation, or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation, in each case, the acquisition or holding of which will (a) not result in the imposition of any present or future, actual or contingent, monetary liabilities or obligations on the Issuer other than those which may arise at its option, or (b) cause the Issuer to realise income that is effectively connected with any U.S. trade or business; provided that references in this definition to a "Collateral Debt Obligation" shall be deemed to be, in the case of any Collateral Debt Obligation that is a Synthetic Security, the Reference Obligation to which such Synthetic Security is linked.
Collateral Enhancement Obligation means any warrant or equity security excluding warrants or equity securities constituting Margin Stock, but including warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of an Underlying Asset, or any warrant or equity security purchased as part of a unit with an Underlying Asset (but in all cases, excluding, for the avoidance of doubt, the Underlying Asset), in each case, the acquisition of which will not (i) result in the imposition of any present or future, actual or contingent, liabilities or obligations on the Issuer other than those which may arise at its option, or (ii) cause the Issuer to own any warrant or equity security constituting Margin Stock;
Collateral Enhancement Obligation means any warrant or equity security which is related to or connected with a Collateral Debt Obligation, excluding Exchanged Equity Securities and Initial Closing Date Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option. For the avoidance of doubt, Collateral Enhancement Obligations shall only include obligations (a) the acquisition (including the manner of acquisition), ownership, enforcement or disposition of which will not violate the Investment Restrictions set out in the Collateral Management Agreement, and (b) in the case of an obligation of a company incorporated or established in, or a sovereign issuer of, the United States, or otherwise bearing interest that arises, forU.S. federal income tax purposes, from sources within the United States, are in registered form at the time they are acquired.
Collateral Enhancement Obligation means an option or warrant and any equity security received upon conversion, exchange or exercise of an option under, or otherwise in respect of a Collateral Loan Obligation, or any warrant or equity security purchased as part of a unit with a Collateral Loan Obligation;
Collateral Enhancement Obligation means any warrant or equity security excluding Defaulted Equity Securities but including without limitation, warrants relating to any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Debt Obligation, or any warrant or equity security purchased as part of a unit with a Debt Obligation (in all cases excluding the applicable Debt Obligation),provided that no Collateral Enhancement Obligation may result in the requirement for the Issuer to make any future payments under the terms thereof.
Collateral Enhancement Obligation means an option or warrant (excluding Exchanged Securities, but including, without limitation, any equity security or debt security received upon exercise of such option or warrant):